Hargreaves Lansdown chair to step down amid pressure from founder

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The chairman of Hargreaves Lansdown is to step down amid a barrage of criticism from one of the co-founders of Britain’s biggest retail investment platform

Hargreaves Lansdown is waiting for its new chief executive, Dan Olley, to arrive from Tesco in the coming weeks.The company, which has a market valuation of about £4bn, has seen its shares slump by about 60% during the last five years.

During that period, rival AJ Bell has joined it on the London stock market, while Interactive Investor was sold to abrdn for £1.5bn.Ms Oppenheimer also chairs Intercontinental Hotels Group, and is a former director of companies including Tesco and Whitbread. The search for her successor will be led by Penny James, the former Direct Line Group chief who is Hargreaves Lansdown's senior independent director.

 

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